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U.S. stock index e-mini futures rose slightly on Monday: Dow Jones industrial average futures were up 0.10 percent at 17,519, S&P 500 futures were up 0.12 percent at 2,028.5 and Nasdaq 100 futures were up 0.25 percent at 4,161.25.
** J.C. PENNEY CO INC, Friday close $7.82, -1.02 pct premarket
A shortfall in projected sales growth for the century-old retailer could drive the stock down 35 percent, according to the Nov. 10 edition of Barron‘s, which notes the company’s chances of reaching its long-term financial goals look slim.
** DENDREON CORP, Friday close $0.9421, -68.16 pct premarket
The biotechnology company filed for chapter 11 bankruptcy protection on Monday and said it had reached agreements on the terms of a financial restructuring with certain bond holders.
** TOLL BROTHERS INC, Friday close $32.22, +2.39 pct premarket
The largest U.S. luxury homebuilder reported a 29 percent jump in quarterly revenue as it sold more homes at higher prices. The number of homes finished rose 22 percent to 1,807 in the fourth quarter ended Oct. 31, while the average selling price rose 6.3 percent to $747,000, the company said.
** ACHILLION PHAMACEUTICALS INC, Friday close $10.11, +6.92 pct premarket
** GILEAD SCIENCES INC, Friday close $106.45, +2.97 pct premarket
** MERCK & CO INC, Friday close $59.34, -2.26 pct premarket
Interim data from Achillion’s ongoing mid-stage study testing its drug ACH-3102 along with Gilead’s Sovaldi showed 100 percent cure rate in 12 hepatitis-C patients after eight weeks of treatment.
However, Merck’s attempt to shorten hepatitis-C treatment to just four weeks by adding Gilead’s Sovaldi to its own oral two-drug combination did not show the desired efficacy due to a high rate of relapse, according to interim data from a mid-stage study.
** PORTUGAL TELECOM, Friday close $1.52, +8.55 pct premarket
Isabel dos Santos, the daughter of Angola’s president, launched a takeover bid for the company at 1.35 euros per share on Sunday in an attempt to thwart a 7-billion-euro bid for the Portuguese company’s assets.
** TRANSOCEAN LTD, Friday close $29.71, +2.46 pct premarket
The rig contractor’s adjusted profit beat market estimates for the sixth straight quarter as costs fell roughly 4 percent.
** GOGO INC, Friday close $16.64, -9.86 pct premarket
The in-flight wireless Internet service provider reported a third-quarter net loss of 29 cents per share, bigger than the 26 cents analysts had expected on average.
** AMERICAN AIRLINES GROUP INC, Friday close $43.2, -0.51 pct premarket
The airlines’ flight attendants narrowly rejected a joint labor contract on Sunday, in a defeat following the merger of American and the former US Airways last year that brought together a combined workforce of some 24,500 U.S.-based stewards.
** RIO TINTO, Friday close $48.37, +0.66 pct premarket
Th global miner , which gets 92 percent of its revenue from iron ore, is unfazed by the drop in ore prices and sticking to plans to raise output, Chief Executive Sam Walsh told Reuters in an interview.
** CHEETAH MOBILE INC, Friday close $20.2, +8.91 pct premarket
The Chinese security software maker reported better-than-expected revenue and profit for the third quarter. Cheetah Mobile’s revenue from online marketing services, its biggest division, more than doubled in the quarter and revenue from its internet value-added services business, its second biggest, rose four-fold. The company also forecast fourth-quarter revenue above the average analyst estimate.
** JPMORGAN CHASE & CO, Friday close $61.47
** CITIGROUP INC, Friday close $53.75
** UBS AG, Friday close $17.06
** BARCLAYS PLC, Friday close $14.91
** ROYAL BANK OF SCOTLAND PLC, Friday close $11.9
** HSBC, Friday close $50.09
British regulators investigating allegations of collusion and manipulation in the foreign exchange market could fine the six banks as early as next Wednesday, people familiar with the matter said. The banks are expected to be fined a total of about 1.5 billion pounds ($2.37 billion).
** BLACKBERRY, Friday close $10.53, +2.28 pct premarket
The company, which has completed the first phase of its two-year turnaround plan, is now focused on profitability and will not spread itself thin by attempting to launch too many new devices, Chief Executive John Chen said.
** TIME WARNER INC, Friday close $77
The U.S. media giant has approached struggling Australian broadcaster Ten Network Holdings Ltd about a A$680 million ($588 million) takeover bid, the Australian Financial Review reported on Monday.
** GENERAL MOTORS CO, Friday close $31.59, -0.54 pct premarket
The automaker ordered half a million replacement ignition switches almost two months before it alerted federal safety regulators of the issues that prompted a recall of millions of vehicles, the Wall Street Journal reported, citing email exchanges between the automaker and its supplier Delphi Automotive Plc.
** RADIOSHACK CORP, Friday close $0.9465
The company was helped by David Warren’s DW Investment Management LP from going bankrupt, as the hedge fund bought the biggest piece of the struggling electronics retailer’s loan, Bloomberg reported on Friday, citing people familiar with the matter.
** AT&T INC, Friday close $34.91, +0.66 pct premarket
The company agreed to pay $1.7 billion to acquire Mexico’s third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States and faster potential growth.
** KKR & CO, Friday close $21.39, +0.05 pct premarket
The private equity firm, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.
** DOW CHEMICAL CO, Friday close $49.5
Private equity firm Golden Gate Capital is in the lead to acquire Angus Chemical Co, a specialty chemicals subsidiary of Dow Chemical, for more than $1 billion, according to three people familiar with the matter.
** BURGER KING WORLDWIDE, Friday close $32.6
The U.S. fast food chain will open about 12 outlets in India over the next 60-90 days, Rajeev Varman, chief executive of the hamburger chain’s India unit, said on Saturday. (Compiled by Avik Das in Bangalore; Edited by Kirti Pandey)